ADVERTISEMENT

NAICOM approves 2 new Takaful insurance companies

The National Insurance Commission (NAICOM) has granted approval in principle to Cornerstone Takaful Insurance Company Ltd and Salam Takaful Insurance Company Ltd as composite Takaful operators to transact both family and general Takaful businesses in Nigeria.

According to a statement from the commission, the new companies bring the total number of wholly Takaful operators to four, having earlier in 2016 granted licence to Noor Takaful and Jaiz Takaful respectively.

ADVERTISEMENT

The approval in principle to the two new companies, the statement said, is in line with the commission’s drive for inclusion towards increasing insurance penetration in the country.

The statement noted that a final operating licence will be issued to the companies upon provision of evidence of the following: conducive business environment at their head offices, an appropriate IT infrastructure and appointment of a head of IT, appointment of key personnel and, submission of first set of products for the commission’s approval.

The commission is currently processing more applications for possible approvals, the statement concluded.

 

OVER 5,000 NIGERIAN MEN HAVE OVERCOME POOR BEDROOM PERFORMANCE SYNDROME DUE TO THIS BRILLIANT DISCOVERY

Download Daily Trust News App

Get it on Google Play
Share this article

Dear Esteemed reader,

As part of our drive to keep improving the content of our newspaper, we are conducting a readership survey to enable us serve you better

Kindly take two minutes of your time to fill in this questionnaire.

Thank you for your time.

Join us on


Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.